In 2022, tuition for full-time students at Saint Mary's University of Minnesota was $40,520 a year.
In 2022, tuition increased 4.49%–from $38,780 the previous year. Usually, college tuition goes up about 3% every year.
Remember, the "sticker price" of tuition doesn't tell the full story. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make theactual cost of attending college more manageable until after graduation.
Saint Mary's University of Minnesota is a private, religious institution, so it has the same tuition for residents of Minnesota as it does for residents from other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Attending a school where you are eligible for in-state tuition can save students a lot of money on the total cost of attending college. Don't forget to verify your state's eligibility criteria for as an in-state resident. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on the state you and your parents currently live in.
Explore other Minnesota colleges
Saint Mary's University of Minnesota has the same tuition for international students as for those from out of state.
Students from outside of the U.S. usually do not qualify for for federal financial aid, but may be eligible for private or school-specific aid and scholarships. International students with need may be eligible for the following types of financial support at Saint Mary's University of Minnesota:
•On-campus jobs •Loans from outsideSaint Mary's University of Minnesota •Saint Mary's University of Minnesota-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Saint Mary's University of Minnesota.
Housing and campus dining at Saint Mary's University of Minnesota costs $10,220 a year. This includes the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat in the school dining halls.
Meal-plan costs vary based on on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be additional fees associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges have ways for students who may struggle to participate because of cost can get help covering these costs.
The cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus walkable? Do you own a car, or are you planning to use public transportation? All of these factors can drastically impact your transportation budget. At Saint Mary's University of Minnesota, freshman are allowed to park on campus.
Where are a college is located can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city might be costly, but cities may offer more trains, busses or affordable flights to actually get to school. The Saint Mary's University of Minnesota campus is in a small town setting in Minnesota.
When estimating your budget for college, don’t forget to leave some room in your budget for the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better idea of how much students can expect to shell out for Saint Mary's University of Minnesota.
What will the cost of attending Saint Mary's University of Minnesota be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$10,220|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Saint Mary's University of Minnesota undergrads use financial aid to to cover the cost of tuition. In 2022, 699 of the 1,329 undergrads enrolled received financial aid. Saint Mary's University of Minnesota meets 82.7% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $35,557 a year. Around 69% of Saint Mary's University of Minnesota undergrads take out student loans to cover any remaining costs. Saint Mary's University of Minnesota graduates who have student loans graduate with an average of $35,074 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Saint Mary's University of Minnesota Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Saint Mary's University of Minnesota financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Saint Mary's University of Minnesota awarded 691 need-based scholarships to students, giving away total of $27 million to help students with financial need cover the cost of school.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Saint Mary's University of Minnesota students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Saint Mary's University of Minnesota was $35,557 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Saint Mary's University of Minnesota seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Saint Mary's University of Minnesota really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Saint Mary's University of Minnesota's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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